Tema Etfs LLC Increases Stock Position in NextEra Energy, Inc. $NEE

Tema Etfs LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 98.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 136,114 shares of the utilities provider’s stock after acquiring an additional 67,442 shares during the period. NextEra Energy comprises 0.9% of Tema Etfs LLC’s investment portfolio, making the stock its 19th biggest holding. Tema Etfs LLC’s holdings in NextEra Energy were worth $10,275,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at approximately $25,000. Activest Wealth Management lifted its stake in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy during the second quarter worth $25,000. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at $25,000. Finally, Quaker Wealth Management LLC grew its stake in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.5%

NEE stock opened at $79.92 on Monday. The company’s 50 day moving average price is $82.33 and its 200 day moving average price is $77.90. The firm has a market capitalization of $166.43 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.48 and a beta of 0.74. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is presently 72.29%.

Insider Activity at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NEE. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. HSBC increased their price target on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of NextEra Energy in a research note on Monday, December 29th. Cowen started coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $88.00 target price (up from $85.00) on shares of NextEra Energy in a report on Wednesday, December 31st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.72.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.